By Bill Gurley, Partner, Benchmark Capital
In a recent New York Times (NYT) article, Kathryn Huberty, a Morgan Stanley (MS) analyst was quoted suggesting that Apple’s (AAPL) iPhone is the key catalyst for an important new technology trend. “Applications make the smartphone trend a revolutionary trend – one we haven’t seen in consumer technology for many years.” This argument rings true in that the “after iPhone” smartphone market is dramatically more interesting than the “pre-iPhone” smartphone market.
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